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The succession planning process builds employee retention, but it won't work unless management can access an accurate inventory of employee skills, talents and abilities. Additionally, if individuals don't understand what options their career path might take, they may look for work elsewhere. This article shares best practices and suggestions for managing a talent inventory.

If you have decided an employee stock ownership plan (ESOP) is worth investigating, there are several steps to take to implement a plan. This article outlines the process including valuation, funding, finding a lawyer and trustee, and more.

This Web site features a series of sample resolutions that company board secretaries can use in forming their official board minutes. Sample resolution language ranges from ratifying boards of directors actions to issuing an option to purchase shares in the company.

Recruiting, hiring, managing, and retaining young employees (Generation X'ers and Millenials) means understanding what motivates them and how they think. This article offers up in a straightforward way the myths and realities of taking on this challenge.

While restricted stock may be considered a useful incentive in startups, that approach has different legal and tax implications than others. Read this blog for a clear discussion of a cloudy topic. Plus reader postings.

Mentoring is a valuable developmental process that generates relationships of trust, growth, and more focused performance. Brad Feld reflects on the mentoring relationships that have helped him to shape his professional career and the success of his ventures.

Many entrepreneurs rely on internal bench strength to provide for future leadership. You can help ensure long-term organizational viability and avoid a talent crisis by exploring the benefits of building a best-in-class succession plan.

While vesting schedules may be similar from company to company, certain events or situations add a level of complexity. Dick Costolo the founder of Feedburner, explains the nuances of options acceleration: single trigger, double trigger, full acceleration, and partial acceleration.

A network of U.S. cities facilitating a weekly entrepreneur education program. Go to 1 Million Cups >

Whether you are starting or growing a company, FastTrac will help you live your dream at each stage.Go to FastTrac >

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